Initiates Coverage on Educational Development (NASDAQ:EDUC) initiated coverage on shares of Educational Development (NASDAQ:EDUCFree Report) in a research note released on Wednesday morning. The brokerage issued a strong-buy rating on the stock.

Educational Development Stock Performance

Shares of EDUC opened at $2.00 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 3.88. Educational Development has a twelve month low of $0.80 and a twelve month high of $2.95. The firm’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $1.78. The firm has a market cap of $17.16 million, a P/E ratio of 28.58 and a beta of 1.04.

Educational Development (NASDAQ:EDUCGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($0.19) earnings per share for the quarter. Educational Development had a net margin of 1.07% and a return on equity of 1.20%. The company had revenue of $8.97 million during the quarter.

Institutional Trading of Educational Development

An institutional investor recently bought a new position in Educational Development stock. Ridgewood Investments LLC acquired a new stake in Educational Development Co. (NASDAQ:EDUCFree Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,600 shares of the company’s stock, valued at approximately $49,000. Ridgewood Investments LLC owned about 0.28% of Educational Development as of its most recent SEC filing. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Educational Development Company Profile

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Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.

Further Reading

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